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707 W 80th St 5 Unit Apartment Building $3,685,897 CAD ($737,179 CAD/Unit) 7.30% Cap Rate Los Angeles, CA 90044
Investment Highlights
- Property includes one ADA-compliant unit and is zoned R3-1, allowing for diverse utilization such as shared housing, transitional housing.
- Situated in South Los Angeles, within walking distance to retail, dining, and essential services, with easy access to major freeways and transit
- Offered at approximately $311 per square foot, providing significant value compared to replacement cost benchmarks for new construction multifamily
Executive Summary
Exceptional opportunity to acquire a newly built, high-capacity multifamily asset ideally suited for investors and operators seeking strong in-place income potential and long-term upside. The property consists of 4 units + 1 ADU, featuring a desirable unit mix of three 4-bedroom units and two 5-bedroom units, totaling 22 bedrooms & 8,675 sqft. Projected gross income totals $20,900/month ($250,800 annually), reflecting a 10.7 GRM and 7.3% cap rate. The property is currently fully vacant, offering a rare opportunity for a buyer to establish new tenancy, implement a master lease strategy, or tailor operations to a variety of residential or program-based housing uses (buyer to verify with the City of Los Angeles). Zoned R3-1, the property allows for multiple residential use configurations, making it ideal for shared housing, transitional housing, or other structured living models. One unit is ADA compliant, enhancing accessibility and tenant flexibility. Offered at approximately $311/SF, presenting a compelling value for newly constructed product well below typical replacement cost benchmarks, making this an attractive basis for long-term investors. Conveniently located in South Los Angeles, within walking distance to Smart & Final, Chase Bank, McDonald's, Subway, and offering easy access to major freeways and transportation corridors. A rare opportunity to acquire a turnkey, high-yield asset with flexible use potential in a strong rental submarket. Contact listing agent for more details!
Property Facts
| Price | $3,685,897 CAD | Property Subtype | Apartment |
| Price Per Unit | $737,179 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | A |
| Cap Rate | 7.30% | Lot Size | 0.21 AC |
| Gross Rent Multiplier | 10.7 | Building Size | 8,675 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2023 |
| Zoning | LAR4 - Multiple Dwelling | ||
| Price | $3,685,897 CAD |
| Price Per Unit | $737,179 CAD |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| Gross Rent Multiplier | 10.7 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 0.21 AC |
| Building Size | 8,675 SF |
| No. Stories | 2 |
| Year Built | 2023 |
| Zoning | LAR4 - Multiple Dwelling |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 6032-027-008 | Improvements Assessment | $98,704 CAD |
| Land Assessment | $116,562 CAD | Total Assessment | $215,266 CAD |
Property Taxes
Parcel Number
6032-027-008
Land Assessment
$116,562 CAD
Improvements Assessment
$98,704 CAD
Total Assessment
$215,266 CAD
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707 W 80th St
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